FOR IMMEDIATE RELEASE
August 28, 2017
|Contact:||Carolyn I. Gonzalez|
Capital for Change awarded $700,000 in Grant Capital from US Treasury Department’s CDFI Fund
Hartford, CT, September 20, 2018-Capital for Change (C4C), has received a grant of $700,000, its third award in three years from the CDFI Fund of the U.S. Department of the Treasury. C4C will utilize the award to increase its community development lending volume, particularly to provide financing for nonprofit organizations including support for making energy-efficiency upgrades in community facilities.
“Capital for Change is delighted to have received this CDFI Financial Assistance support award for a third year in a row. This award will help us leverage further investments from other partners to help support our nonprofit community,” said President & CEO Cal Vinal.
The CDFI Fund, part of the U.S. Department of the Treasury, awarded $202.2 million in grants and loans to more than 302 community development financial institutions (CDFIs) in its fiscal year 2018 funding round. Awards were made to 46 states and the District of Columbia. In Connecticut, Capital for Change was the only CDFI that received funding. For more on the CDFI grant go to www.cdfifund.gov.
A nonprofit Community Development Financial Institution (CDFI), Capital for Change, Inc. (C4C) is a private, nonprofit organization that is the result of a merger between three Connecticut based Community Development Financial Institutions (CDFIs): The Connecticut Housing Investment Fund, The Greater New Haven Community Loan Fund, and Community Capital Fund. With over fifty years of local expertise and knowledge, C4C is now the largest, full-service CDFI in Connecticut, serving people, nonprofits, businesses and public institutions in need. It offers a wide array of lending and program options, including small business lending, mixed-use lending, construction, and permanent lending for housing, energy efficiency lending and loan servicing. For more information about C4C, please contact: Carolyn I. Gonzalez at: 203-332-7977 – firstname.lastname@example.org or visit: www.capitalforchange.org